Mid Week ETF Look

spy
$SPY still riding the channel up, bullish as long as we hold , I think we pop off it soon once we break the recent highs, steady for now
USO
$USO nice bounce off the 9.5 support, 13ema test now, expect slight pull back then con towards 50ema, I like this for a longer term bounce as oil finds supportGDX
$GDX popping into 13ema expect slight pullback then continuation into downtrend test, as long as gold holds this support GDX will continue to bounce, I do however believe the bounce will be short livedIBB

$IBB pull into uptrend, expect bounce higher into the 13ema, the uptrend is very strong support so I do believe we hold it and retest the 300 spot eventually

Author: spartantradinginc

Technical/PR Day and swing trader. Equities, Options, ETF's and Indexes. Focus on high R/R setups.

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